Another oil play, Oasis Petroleum (OAS), added 3% for the day. Oasis works portions of the Bakken Shale fields in Montana and North Dakota. Analysts forecast a 172% EPS gain in Q1 and a 28% increase for the year.

The 2010 new issue has been working, in weak trade, to rise above support at its 50-day line. It cleared a long flat base in January.

Rosetta Resources' (ROSE) wells are in the Eagle Ford shale in South Texas, with production fairly evenly divided between natural gas, oil and natural gas liquids. The stock rose 1% Thursday. It is building a possible base, working to retake 10-week support after a positive reversal off its 40-week line Feb. 26. Rosetta has strong institutional support.

See Also

Stocks rolled out a weak start Tuesday, after posting the strongest price gain of the month on Monday. The Dow Jones industrial average fell 0.8%. The S&P 500 was down 0.5%. The Nasdaq kept to a 0.2% decline. Volume was soft, down 2% on the Nasdaq and 9% lower on the NYSE, compared to trade at ...

While U.S. shale producers have slashed billions of dollars from capital budgets and taken more than 600 oil rigs offline since October, it may be several months before production actually falls as companies focus on their most efficient wells. And even when the U.S. retreat does take effect, some ...

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